The International Monetary Fund (IMF) has warned the PLP that investments are falling off and that the deficit needs to be reduced by some two per cent, said former Cabinet minister Zhivargo Laing at the FNM’s convention last night.
According to Mr. Laing the deficit be reduced by $50 million a year over the next two years.
“They suggest cuts in areas like Bahamasair, the Water and Sewerage Corporation and all public corporations the government subsidizes.
“This could also mean that teachers will not get the $1,200, which they are entitled to in the contract the government has with their union,” he said.
“Now the PLP could help fix some of this by moving the economy forward. How? By doing waht is necessary to move Sun’s Phase III project along. That project alone could create some 2,000 permanent jobs and lots of spin off jobs in the economy. Instead of dealing with this matter decisively they are playing games with these people,” he said.
Source: Rupert Missick, The Tribune
